GLG Continental European Growth
The GLG Continental European Growth strategy (the 'Strategy') is a long-only, all-cap European equity strategy that invests in Europe’s strongest companies through a focussed, bottom-up research approach.
- Repeatable bottom-up stock picking approach
- Searching for Europe’s strongest companies
- Portfolio manager with a demonstrable track record
- Concentrated portfolio of 25 to 35 stocks
Approach
GLG Continental European Growth strategy is an actively managed, long-only equity strategy that invests in European stocks across market capitalisations.
The team’s stock selection is index agnostic and, rather than viewing exposure in a benchmark-relative context, takes a long-term, ownership approach to building a fundamentally selected, high conviction portfolio of scalable companies.
Core to the process is identifying and investing in Europe’s strongest companies through a focussed, bottom-up research approach. The team is uncompromising in its search for quality companies that are able to demonstrate sustainable competitive advantages over the next 5 years and beyond.
Companies that meet the demanding criteria set out above typically fall into the following two categories:
- Core companies – Core companies are formidable market leaders in their industry, with clear roadmaps for earnings and free cashflow, and a 5 year expansion path. At any time 67-100% of the portfolio will typically be invested in this category.
- Non-core companies – Non-core companies are high growth names in the vanguard of a new or existing market which already demonstrate clear competitive advantages. A maximum of 33% of the portfolio will typically be in this category.
| Approach | Long-only |
| Asset Class | Equity |
| Geographic Focus | Europe (ex-UK) |
| Target Benchmark+ | FTSE World Europe ex UK (GBP ,GDTR) |
| Constraining Benchmark+ | MSCI Europe ex UK (GBP, NDTR) |
| Comparator Benchmark+ | IA Europe Excluding UK Sector |
Performance
Strategy
Reference Index
Relative Return
7.7%
7.1%
0.6%
13.7%
13.4%
0.3%
13.3%
22.0%
-8.7%
53.4%
50.7%
2.7%
927.7%
432.0%
495.7%
237.8%
136.3%
101.4%
Performance by calendar years
Strategy
20.0%
-18.7%
11.1%
24.7%
30.7%
As at 30 June 2024
Inception date 30 June 1998
Past performance is not indicative of future results. Returns may increase or decrease as a result of currency fluctuations.
Please note that the performance data is not intended to represent actual past or simulated past performance of an investment product. The data is calculated in GBP and is based on a representative investment product or products that follow the strategy. An example fee load of 0.75% has been applied. The FTSE World Europe Ex-UK TR GBP index is selected by the Strategy Manager/s for performance illustration and comparison purposes only. It is not a formal benchmark and does not form part of the strategy’s objectives. *Current management assumed responsibility for the strategy on 1 October 2014.
Related content
Investment Solutions
Man offers a comprehensive suite of investment solutions and formats that can be tailored and optimised to meet specific client needs.
Our investment solutions offer optionality including: liquidity, control, investment restrictions, investor customisations and transparency.
UCITS
Alternative investment funds
US 40 ACT
Regional funds
Separate accounts
Advisory mandates
Managed accounts
Access to investment products and mandate solutions are subject applicable laws and regulations including selling restrictions and licensing requirements. Investment solutions listed above may not be compatible for all investment strategies and may be subject to minimum subscription requirements. Regional Funds: In additions to UCITS and AIFs registered across the EEA, a number of investment strategies are available in vehicles registered in Chile, Netherlands, Hong Kong, Japan, Singapore, South Korea and Switzerland.
Important Information
+ The indices listed are official benchmarks for the Strategy.
Considerations
One should carefully consider the risks associated with investing, whether the strategy suits your investment requirements and whether you have sufficient resources to bear any losses which may result from an investment:
Investment Objective Risk - There is no guarantee that the Strategy will achieve its investment objective.
Market Risk - The Strategy is subject to normal market fluctuations and the risks associated with investing in international securities markets and therefore the value of your investment and the income from it may rise as well as fall and you may not get back the amount originally invested.
Counterparty Risk - The Strategy will be exposed to credit risk on counterparties with which it trades in relation to on-exchange traded instruments such as futures and options and where applicable, ‘over-the- counter’("OTC","non-exchange") transactions. OTC instruments may also be less liquid and are not afforded the same protections that may apply to participants trading instruments on an organised exchange.
Currency Risk - The value of investments designated in another currency may rise and fall due to exchange rate fluctuations. Adverse movements in currency exchange rates may result in a decrease in return and a loss of capital. It may not be possible or practicable to successfully hedge against the currency risk exposure in all circumstances.
Liquidity Risk - The Strategy may make investments or hold trading positions in markets that are volatile and which may become illiquid. Timely and cost efficient sale of trading positions can be impaired by decreased trading volume and/or increased price volatility..
Concentration Risk - The Strategy invests in a limited number of investments may be held which can increase the volatility of performance.
Financial Derivatives - The Strategy may invest in financial derivative instruments ("FDI") (instruments whose prices are dependent on one or more underlying asset) typically for hedging purposes. The use of FDI involves additional risks such as high sensitivity to price movements of the asset on which it is based. The use of FDI may multiply the gains or losses.
Single Region/Country Risk - The Strategy is a specialist country-specific Strategy or focuses on a particular geographic region, the investment carries greater risk than a more internationally diversified portfolio.
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